DLL, Mahindra and Mahindra Financial Services extend their longstanding US joint venture
DLL, a global financial solutions provider and wholly-owned subsidiary of Rabobank Group, announced on March 10, 2022 an agreement with Mahindra & Mahindra Financial Services (MMFSL) to expand their long-standing US joint venture. The joint venture, as Mahindra Finance USA, provides retail and wholesale financing in the United States for Mahindra Ag North America (MAgNA), which assembles and distributes tractors, side-by-sides and implements in North America . DLL and MMFSL bring over 60 years of combined experience in financial services and equipment lending.
Along with the joint venture agreement, Mahindra Finance USA and MAgNA have agreed to an extension of their program and support agreement for retail and wholesale financing in the United States.
Mahindra Finance USA celebrates its 10th year of joint venture partnership.
The anniversary marks the first end customer retail financing contract signed by the joint venture in 2011, as well as managing wholesale financing for MAgNA. Since then, Mahindra Finance USA has experienced significant growth, reaching over $1 billion in assets under management. While the anniversary recognizes the initiation of the joint venture, the relationship between DLL and MAgNA goes back further. DLL and MAgNA have partnered for over twenty years to collectively grow their agricultural business in the United States
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